Quote:
Originally Posted by mgescuro
[b][size="4"]
Wagoner and Ford CEO Alan Mulally are required by their companies to fly by private aircraft for security reasons, according to company documents filed with the U.S. Securities and Exchange Commission.
|
No doubt that this was enacted because of the 1975 kidnapping of General Motors executive William Schulenberg and his family. GM paid $54,000 in ransom that time and the kidnappers released them. It could have been much worse, though.
Since then, GM executives and board members get round-the-clock security. When Roger Smith was alive, he had a house right along the golf course of Bloomfield Hills country club. Members and caddies were instructed NOT to retrieve golf balls that were hit into his yard as they were likely to be tackled by security.